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9 Recent Hospital Transactions and Partnerships

The following hospital mergers, acquisitions and general transactions took place within the past week, beginning with the most recent.

1. Memorial Health System Partners With SIU Healthcare
Memorial Health System and Southern Illinois University HealthCare, both based in Springfield, Ill., formed a new partnership focused on improving healthcare access, quality, safety and outcomes.

2. ThedaCare, Community Health Network Agree to Affiliate
Appleton, Wis.-based ThedaCare and Berlin, Wis.-based Community Health Network signed a letter of intent to affiliate.

3. University Hospitals Continues Aggressive Expansion, Acquires Robinson Memorial
Cleveland-based University Hospitals signed a letter of intent to acquire Robinson Memorial Hospital in Ravenna, Ohio — the third such deal for UH in the past six months.

4. Cain Brothers to Advise Penn State Hershey, PinnacleHealth Deal
Executives at Penn State Milton S. Hershey (Pa.) Medical Center and PinnacleHealth in Harrisburg, Pa., selected Cain Brothers to advise their pending affiliation.

5. HCA to Purchase Capella's Grandview Medical Center
Nashville, Tenn.-based Hospital Corporation of America signed a definitive agreement with Capella Healthcare in Franklin, Tenn., to acquire Grandview Medical Center in Jasper, Tenn.

6. Daughters of Charity Health System Pursues Sale
Daughters of Charity Health System, a six-hospital network based in Los Altos Hills, Calif., began an active search for a buyer.

7. Akron General Nixes Proposed CHS-Cleveland Clinic Joint Venture
Akron (Ohio) General Health System ended exclusive negotiations with Cleveland Clinic and Franklin, Tenn.-based Community Health Systems on a proposed joint venture transaction.

8. NewYork-Presbyterian Seeks Takeover of Lawrence Hospital Center
NewYork-Presbyterian Hospital in New York City filed a certificate of need with the state to completely absorb Lawrence Hospital Center in Bronxville, N.Y.

9. Bear Valley Community Hospital Creates Affiliation Committee
Bear Valley Community Hospital, a 30-bed, public-owned hospital in Big Bear Lake, Calif., created a committee to weigh the potential ramifications of affiliating with a larger provider.

More Articles on Transactions and Valuations Issues:
Dartmouth-Hitchcock, Mt. Ascutney Hospital Agree to Affiliation Terms
Partners HealthCare Disputes State's Negative Assessment of South Shore Acquisition
Hospital M&A Volume Declines in Q4 2013 

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